Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    801 Central Ave Surf City, NJ 08008-5359
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    801 Central Ave Surf City, NJ 08008-5359

    View on Map
    • Commercial real estate
    • 9,929 SF
    • 0.64 lot acres
    Off-Market
    Property ID
    US59-1960249
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,680,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 801 Central Ave

    Year built
    1995
    Construction
    CONCRETE BLOCKS
    Lot size
    0.64 lot acres
    Property size
    9,929 SF
    Zone code
    GC
    Property type
    Commercial real estate
    APN
    29 00104-0000-00002- 01
    APU
    290010400000000201

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,910,000
      6.5%
      $1,765,000
      7%
      $1,640,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,454,000
      Market price range: $930k - $3.13M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Surf City
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.1773
    Latitude
    39.6502
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $23,557
    $825,200
    $1,399,300
    $2,224,500
    -
    $825,200
    $1,399,300
    $2,224,500

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      1002 Bay Ave

      COMMERCIAL (GENERAL) • 0.35 Acres
      1002 Bay Ave, Beach Haven, NJ 08008
      View Details
    • Value Estimation
      $4,960,000
      18,880 SF

      350 8th St

      COMMERCIAL (GENERAL) • 18,880 SF
      350 8th St, Ship Bottom, NJ 08008-4605
      View Details
    • Value Estimation
      $1,985,000
      12,464 SF

      901 Central Ave

      COMMERCIAL (GENERAL) • 12,464 SF
      901 Central Ave, Ship Bottom, NJ 08008-6300
      View Details
    • Value Estimation by Request
      5,400 SF

      101 23rd St

      COMMERCIAL (GENERAL) • 5,400 SF
      101 23rd St, Ship Bottom, NJ 08008-4306
      View Details
    • Value Estimation
      $840,000
      3,425 SF

      19 Ws 32nd St

      COMMERCIAL (GENERAL) • 3,425 SF
      19 Ws 32nd St, Long Beach Township, NJ 08008
      View Details
    • Value Estimation
      $820,000
      4,848 SF

      47 9th St

      COMMERCIAL (GENERAL) • 4,848 SF
      47 9th St, Beach Haven, NJ 08008
      View Details

    Similar Nearby for Sale

    • $1,199,000
      1,128 SF

      Brighton Beach Bay Block Duplex

      Charming duplex near the beach with investment potential.
      20 W 87Th St, Long Beach Township, NJ 08008
      View Details
    • $1,299,000
      Pending

      Surf City Land Opportunity

      Residential lot near the ocean in Surf City, NJ.
      813 N Central Ave, Surf City, NJ 08008
      View Details
    • $2,499,000
      1,426 SF

      Beach Area Oversized Residential Lot

      Oversized lot near the beach, ideal for custom home.
      16 E Goldsborough Ave, Beach Haven, NJ 08008
      View Details
    • $6,500,000
      1.01 Acres

      Prime Redevelopment Opportunity on LBI

      Rare 1.01-acre site near the beach in Ship Bottom, NJ.
      902 Long Beach Blvd, Ship Bottom, NJ 08008
      View Details
    • $1,059,000
      1,536 SF

      Beach Haven Crest Duplex

      Affordable LBI duplex with income potential in Beach Haven Crest.
      3 Mea Ln, Beach Haven, NJ 08008
      View Details
    • New
      $1,349,000
      Pending

      Bay Block Duplex in Peahala

      Two-family home with bay views in Long Beach Township.
      26 W Oceanview Dr, Beach Haven, NJ 08008
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,538 SF

      LBI Professional Office Space

      Renovated office suite in prime Long Beach Island location.
      319 W 8Th St, Ship Bottom, NJ 08008
      View Details
    • Contact for pricing
      10,019 SF

      Renovated Office Space in Ship Bottom

      Second-floor office space in prime Long Beach Island location.
      319 W 8Th St, Ship Bottom, NJ 08008
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    801 Central Ave
    Surf City, NJ 08008-5359
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!